ExecutivePerils, a DOXA Insurance Holdings company and independent wholesaler, announced the launch of its new insurance policy, EPL+WHIP. This new product combines wage and hour insurance protection coverage with employment practice liability coverage.

EPL+WHIP was created to address a growing demand for coverage resulting from increasing federal and state laws that hold directors, officers, and owners personally liable for wage and hour violations. This product was designed to mitigate the growing risk and exposures that directors, officers, and owners can face when indemnification is not possible and to protect the corporate balance sheet when indemnification is possible, according to a company press release.

EPL+WHIP is available in all 50 U.S. states through an A.M. Best rated A XV carrier. The product offers sub limit reinstatements, up to $1 million in wage and hour protection, continuity of claims coverage, as well as immigration defense, joint employer, workplace violence, employee privacy violation, sexual harassment, discrimination, and wrongful termination coverage.

Submission requirements for the product include an EPL+WHIP application, five years of loss runs with values, a copy of the current EPL policy, and a most recent year-end financial report.

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Corvus Insurance, a provider of Smart Cyber Insurance products powered by artificial intelligence-driven risk data, announced its all-in-one cyber underwriting platform that provides underwriters with predictive data-driven insights.

With the help of Corvus Risk Navigator, underwriters are able to provide risk selection, decision-making, and IT security recommendations. This launch coincides with the strategic growth of the company’s underwriting team as Corvus magnifies its focus on the cyber market, according to a company press release.

The Corvus Risk Navigator platform, which was built through collaboration between Corvus’s underwriting and security teams, places suggestions into the underwriting workflow based on a matrix of data including firmographics, threat intelligence, claims, and peer benchmarking. The cyber underwriting platform also automates underwriters’ routine tasks.

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Hippo, a home insurance group focused on home protection, announced the launch of the Hippo Builder Insurance Agency. The new agency leverages Hippo’s technology to allow builders of any size to partner with HBIA and generate a predictable revenue stream.

Builder participation by sending leads to HBIA does not require significant allocation of resources or any investment, and eliminates the cost and risk associated with insurance agency operations, according to a company press release. HBIA pays for each lead regardless of whether the homeowner closes on the property or purchases a policy through HBIA.

Hippo’s technology stack can ingest each home’s specific details directly from a builder partner via an API or simple file. By accessing this builder data, HBIA can quote an entire development before addresses are assigned or a customer is attached to a particular property.

HBIA reviews offerings from the multiple HO5 carriers it represents to ensure each customer gets the right policy, and quotes are tailored to each home’s specific details. The insurance information is then shared electronically with the builder’s mortgage and title partners to help avoid closing delays.

Sources: ExecutivePerils, Corvus Insurance, Hippo